by Gayane Isahakyan
Ardshininvestbank published its financial results for the first semester of 2014 continuing to demonstrate a sustainable growth, the press service of the Bank has told ArmInfo.
The comparative dynamics of main financial indicators for the first semester of 2014 compared to the year end of 2013 is as follows:
As of 30 July 2014, the Bank's assets totaled 275.3 bln AMD (up 2.2% or 6 bln AMD versus the same period of 2013). The loan portfolio amounted to 183.5 bln AMD (up 6.4 bln AMD or 3.6%), the customer funds amounted to 180.9 bln AMD (up 13.7% or 21.7 bln AMD), and the total capital made up 45.8 bln AMD (up 1.7 bln AMD or 3.9%).
During the first semester of 2014 net profit of Ardshininvestbank amounted to AMD 2.8 billion outperforming the result of the comparable period of the last year by 36.2%.
As a result of deepening cooperation with international financial institutions, Ardshininvestbank has signed a USD 18.0 million syndicated loan agreement with Citibank. The transaction represents the first syndicated deal for the Armenian financial institution in the bank loan market without multilateral agency support, having attracted significant interest from both - regional and international banks. During the first semester of 2014 the number of permanently active customers increased by 3 300 customers totaling to more than 224 000 customers.
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